{"id":17660,"date":"2020-12-13T13:34:00","date_gmt":"2020-12-13T10:34:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=17660"},"modified":"2026-03-27T19:58:05","modified_gmt":"2026-03-27T16:58:05","slug":"sight-diagnostics-expands-to-the-gulf-region-through-a-distribution-partnership-with-phoenix-capital","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/sight-diagnostics-expands-to-the-gulf-region-through-a-distribution-partnership-with-phoenix-capital\/","title":{"rendered":"Sight Diagnostics\u00ae Expands to the Gulf Region through a Distribution Partnership with Phoenix Capital"},"content":{"rendered":"\n
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\u0639\u0631\u0628\u064a<\/a><\/div>\n<\/div>\n\n\n\n

Phoenix Capital, chaired by Abdullah Saeed Al Naboodah, plans to install dozens of Sight OLO\u00ae<\/sup> analyzers in medical facilities across the United Arab Emirates, Saudi Arabia, and others in the Gulf Cooperation Council within the next year<\/em><\/p>\n\n\n\n

BUSINESS WIRE<\/a>\/AETOSWire<\/a>)–\u00a0Sight Diagnostics<\/a>, the company delivering lab-grade Complete Blood Count (CBC) results in minutes, announced a distribution partnership with Phoenix Capital to extend Sight\u2019s footprint in the Middle East. Through the partnership, Sight will provide OLO analyzers \u2013 the company\u2019s decentralized, lab-quality diagnostic technology \u2013 to medical centers across the Middle East to help providers make quick and informed treatment decisions.<\/p>\n\n\n\n

Most outpatient clinics in the United Arab Emirates are currently operating mini-labs with legacy diagnostic technologies like flow cytometry, which require large, expensive machines that aren\u2019t suited for point-of-care (POC) settings. As such, there is an increasing demand for modern POC diagnostics in the Middle East and Africa, with the market projected to reach\u00a0$2.85 billion by 2024<\/a>.<\/p>\n\n\n\n

Sight OLO enables fast, accurate, convenient blood diagnostics by delivering CBC results in minutes right at the point-of-care*. About the size of a toaster oven, OLO is small, compact, and light-weight, allowing for quick, simple set-up wherever it\u2019s needed. Unlike traditional CBC analyzers, Sight OLO does not require reagents or manual quality control checks, making it easy for smaller clinics or independent practices to access and operate.<\/p>\n\n\n\n

Abdullah Saeed Al Naboodah, Chairman of Phoenix Capital, remarks, \u201cWe chose Sight OLO because it simply meets the needs of the clinics we distribute to. With the influx of patients due to COVID-19, having access to fast, accurate fingerprick diagnostics is essential to quickly and correctly triage and treat our clinic\u2019s patients.\u201d<\/p>\n\n\n\n

Phoenix Capital will first distribute Sight OLO to the nine medical centers it owns across the United Arab Emirates. Over the next year, Sight will work with Phoenix Capital to expand OLO\u2019s install base in the rest of the Gulf Cooperation Council region.<\/p>\n\n\n\n

\u201cWe\u2019re determined to democratize access to rapid, accurate, and convenient diagnostics in countries around the world,\u201d says Yossi Pollak, CEO and co-founder of Sight Diagnostics. \u201cWe\u2019re looking forward to expanding into this new market through our partnership with Phoenix Capital to help meet the needs of emergency rooms, clinics, hospitals, and other care facilities that have been impacted by COVID-19.\u201d<\/p>\n\n\n\n

This distribution partnership follows a recent investment partnership between Phoenix Capital and OurCrowd, one of Sight\u2019s longtime investors that recently participated in the diagnostic company\u2019s $71 million Series D funding round. Notably, the news also follows a historic normalization agreement between Israel and the United Arab Emirates, signaling the countries\u2019 progress in sharing resources and technology to improve healthcare together.<\/p>\n\n\n\n

*Sight OLO received regulatory approval for use in the UAE and is CE Marked according to the IVD European directive at point of care settings. In the United States, Sight OLO is 510(k) cleared for use in moderate complexity laboratories; it has not yet been cleared for point-of-care use.<\/p>\n","protected":false},"excerpt":{"rendered":"

Phoenix Capital, chaired by Abdullah Saeed Al Naboodah, plans to install dozens of Sight OLO\u00ae analyzers in medical facilities across the United Arab Emirates, Saudi Arabia, and others in the Gulf Cooperation Council within the next year BUSINESS WIRE\/AETOSWire)–\u00a0Sight Diagnostics, the company delivering lab-grade Complete Blood Count (CBC) results in minutes, announced a distribution partnership with […]<\/p>\n","protected":false},"author":8,"featured_media":17661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":72,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[72],"tags":[],"class_list":["post-17660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health-tech","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nSight Diagnostics Gulf - 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